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Archive - 2011-09-30
Gold unchanged at Rs 47,485
Top News

Gold unchanged at Rs 47,485

KARACHI: Gold closed unchanged at Rs 47,485 per 10 grams in the local market Friday, as its international price closed a
Published 30 Sep, 2011 05:22pm
First hajj flight leaves for Jeddah
Top News

First hajj flight leaves for Jeddah

QUETTA: The first Haj flight PK 1901 of Pakistan International Airlines carrying 204 pilgrims from Quetta Airport left f
Published 30 Sep, 2011 04:06pm
Weak income curbs US spending
Top News

Weak income curbs US spending

WASHINGTON : US consumers struggled to make ends meet in August as incomes fell for the first time in nearly two y
Published 30 Sep, 2011 04:01pm
US dollar gains against yen
Financial

US dollar gains against yen

NEW YORK : The dollar extended gains versus the yen, hitti ng two-week highs on Friday, boosted by broad demand for
Published 30 Sep, 2011 03:36pm
Japan, Vietnam banks in deal
Top News

Japan, Vietnam banks in deal

HANOI: Japan's Mizuho Corporate Bank on Friday said it would buy a 15 percent stake in Vietnam's largest bank by market
Published 30 Sep, 2011 03:18pm
ISE-10 witnesses bullish trend
Markets

ISE-10 witnesses bullish trend

ISLAMABAD: Islamabad Stock Exchange (ISE-10) on Friday witnessed bullish trend as the index gained 12.65 points to close
Published 30 Sep, 2011 02:31pm
SBP may cut policy rate by 50 bps
Top News

SBP may cut policy rate by 50 bps

KARACHI: After witnessing a surprising lower than estimated inflation as measured by CPI 11.56 percent in Aug 2011, the
Published 30 Sep, 2011 02:31pm
Hyundai Motor CEO Yang to resign
Top News

Hyundai Motor CEO Yang to resign

SEOUL: Hyundai Motor Chief Executive Officer Steve Yang has offered to resign for personal reasons and will be succeeded
Published 30 Sep, 2011 09:01am
FIH says India faces Olympic ban
Hockey

FIH says India faces Olympic ban

The International Hockey Federation (FIH) said it was not in favour of a settlement brokered by the Indian sports min
Published 30 Sep, 2011 08:57am
European stocks drop at open
Financial

European stocks drop at open

LONDON: Europe's leading stock markets fell at the start of trading on Friday, with London's FTSE 100 index of leading s
Published 30 Sep, 2011 07:17am
Religious scholars hail APC
Pakistan

Religious scholars hail APC

KARACHI: Leaders of Sunni Wehdaat Council (SWC), Pakistan, have said the consensus built-up among all parties during All
Published 30 Sep, 2011 07:16am
Oil up in Asian trade
Top News

Oil up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday after German lawmakers passed an expansion of the eurozone's rescue fun
Published 30 Sep, 2011 06:19am
Obama sells jobs plan in swing states
Top News

Obama sells jobs plan in swing states

WASHINGTON: US President Barack Obama touted his $447 billion jobs plan to voters in swing states Thursday after his vic
Published 30 Sep, 2011 05:26am
China current account surplus narrows
Top News

China current account surplus narrows

BEIJING: China's current account surplus fell 31 percent in the first half from a year earlier, to $87.8 billion, reflec
Published 30 Sep, 2011 04:50am
Oil up in Asian trade
Energy

Oil up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday after German lawmakers passed an expansion of the eurozone's rescue fun
Published 30 Sep, 2011 04:23am
Oil awaits the German move
BR Research

Oil awaits the German move

Interesting times await the eurozone and it would be even more interesting to see how its fate affects global oil prices. Germany is bracing
Published 30 Sep, 2011 12:00am
China successfully launches 'Heavenly Palace' space craft

China successfully launches 'Heavenly Palace' space craft

China successfully launched an experimental craft on Thursday paving the way for its first space station amid a blaze of national pride, bringing the growing Asian power closer to matching the United States and Russia with a long-term manned outpost in sp
Published 30 Sep, 2011 12:00am
PLO declines Middle East Quartet's 'talks now' bid

PLO declines Middle East Quartet's 'talks now' bid

The Palestine Liberation Organisation effectively rejected on Thursday a proposal by the European Union, the United States and Russia to resume suspended peace negotiations with Israel next month without precondition. The PLO executive committee, meeting
Published 30 Sep, 2011 12:00am
Kazakh Senate passes religious law

Kazakh Senate passes religious law

Kazakhstan's Senate approved on Thursday tougher laws on religious activity in the Central Asian state, ignoring criticism of its response to what it calls the growing threat of extremism. The new law, which will ban prayer rooms in state institutions, wi
Published 30 Sep, 2011 12:00am
NTC retakes airport in Sirte

NTC retakes airport in Sirte

Libyan interim government forces recaptured the airport in Sirte, Muammar Qadhafi's birthplace, on Thursday, amid mounting concern for civilians trapped inside the besieged city. National Transitional Council (NTC) fighters took full control of Sirte airp
Published 30 Sep, 2011 12:00am
Obama, Uzbek leader discuss Afghan supply route

Obama, Uzbek leader discuss Afghan supply route

President Barack Obama and Uzbekistan's President Islam Karimov discussed expanding US use of the central Asian country as a route to supply troops in Afghanistan, a US official said on Thursday, amid growing concern about the viability of Pakistan as a t
Published 30 Sep, 2011 12:00am
Pro-Assad crowd stones US envoy's convoy

Pro-Assad crowd stones US envoy's convoy

Supporters of Syrian President Bashar al-Assad hurled rocks and tomatoes at US ambassador Robert Ford's convoy as he visited an opposition figure in Damascus on Thursday and Syria accused Washington of inciting violence and meddling in its affairs.
Published 30 Sep, 2011 12:00am
Five Iraqis, US soldier killed in violence

Five Iraqis, US soldier killed in violence

Attacks killed five Iraqis, including three who died when a suicide bomber blew up an explosives-packed truck in the northern city of Kirkuk, and an American soldier on Thursday, officials said. In the deadliest attack, blamed on al Qaeda, two women and a
Published 30 Sep, 2011 12:00am
West stresses need to back Afghan government

West stresses need to back Afghan government

Western nations on the UN Security Council Thursday pledged new support for Afghanistan's beleaguered government 10 years after the launch of the war on the Taliban as Russia railed against Nato's "ineffective" tactics. High profile attacks on embassy com
Published 30 Sep, 2011 12:00am
Fidel Castro lashes out at Obama, US policy

Fidel Castro lashes out at Obama, US policy

Former Cuban President Fidel Castro lashed out at US President Barack Obama on Thursday for suggesting bilateral relations could improve if Cuba became more democratic, and he said the communist nation would not bow to US pressure. He also said Obama was
Published 30 Sep, 2011 12:00am
Bahrain jails 20 doctors

Bahrain jails 20 doctors

Bahrain jailed 20 doctors on Thursday for between five and 15 years on charges including stealing medicine, stockpiling weapons and occupying a hospital during unrest in the Gulf kingdom this year, state news agency BNA said. It also sentenced a man to de
Published 30 Sep, 2011 12:00am
Scores guilty in mass abuse of Indian 'untouchables'

Scores guilty in mass abuse of Indian 'untouchables'

More than 200 Indian police and government officials were found guilty on Thursday of offences including torture and rape during a raid on a low-caste village 19 years ago. A special court in the southern state of Tamil Nadu convicted all 215 police and f
Published 30 Sep, 2011 12:00am
Little enthusiasm on show for rare Saudi vote

Little enthusiasm on show for rare Saudi vote

Saudi Arabian men voted in only the second nation-wide election in the country's history on Thursday, but nearly empty polling booths in the second city, Jeddah, showed few were enthusiastic about voting for municipal councils with little power.
Published 30 Sep, 2011 12:00am
Typhoon shuts down Hong Kong, hits China

Typhoon shuts down Hong Kong, hits China

A powerful typhoon brought Hong Kong to a shutdown Thursday, with financial markets and businesses forced to close as it swept past before slamming into the Chinese island of Hainan. Typhoon Nesat, which claimed 35 lives when it barrelled across the Phili
Published 30 Sep, 2011 12:00am
Anil Ambani probed in graft case

Anil Ambani probed in graft case

Indian federal police are examining the role of tycoon Anil Ambani in a multi-billion dollar telecoms scandal that has rocked political and business elites, the Press Trust of India (PTI) news agency said on Thursday. The 52-year-old billionaire is the hi
Published 30 Sep, 2011 12:00am
Saeed Ajmal targets key battle with Swann

Saeed Ajmal targets key battle with Swann

Pakistan's Saeed Ajmal is viewing next year's Test series against England as a contest between himself and Graeme Swann to decide who is the world's best off-spinner. The 33-year-old Ajmal, Pakistan's leading bowler in all forms of the game recently, said
Published 30 Sep, 2011 12:00am
Hafeez to undergo minor surgery

Hafeez to undergo minor surgery

Pakistan opening batsman Muhammad Hafeez, who had a grand tour of Zimbabwe has been ruled out of Faysal Bank T20 Cup as he will be undergoing minor surgery, cricinfo.com reported on Thursday. Hafeez' cyst on his chest requires surgery. "It's a minor surge
Published 30 Sep, 2011 12:00am
Samuels cleared to bowl again

Samuels cleared to bowl again

The West Indies were given a boost on Thursday ahead of their Bangladesh tour when all-rounder Marlon Samuels was cleared to bowl by the sport's world governing body. The off-spinner, a key member of the West Indies Test, One-day and Twenty20 squads for t
Published 30 Sep, 2011 12:00am
Injured Sharapova exits: Pan Pacific Open

Injured Sharapova exits: Pan Pacific Open

Maria Sharapova's effort to avenge her Wimbledon final loss to Petra Kvitova was brought to an abrupt end on Thursday after she twisted an ankle in the quarter-finals of the Pan Pacific Open. The Russian world number two was serving 40-15 up at 3-4 in an
Published 30 Sep, 2011 12:00am
Shoaib, Sania meet President

Shoaib, Sania meet President

Cricketer Shoaib Malik and his wife Sania Mirza called on President Asif Ali Zardari at Aiwan-e-Sadr, here on Thursday. The President, during meeting, appreciated his cricket saying that the sportsmen were also the ambassadors of the country who not only
Published 30 Sep, 2011 12:00am
India axe Harbhajan for England ODIs

India axe Harbhajan for England ODIs

India's cricket selectors on Thursday left out star spinner Harbhajan Singh for the first two One-day internationals of next month's home series against England. The seasoned off-spinner's absence further weakens the injury-ravaged world champions, who pi
Published 30 Sep, 2011 12:00am
Committee shortlists five names for coaching job: Intikhab

Committee shortlists five names for coaching job: Intikhab

The committee appointed by Pakistan Cricket Board (PCB) for hiring a new coach for Pakistan team have short-listed five candidates. "We have finalised the name of five including Pakistanis as well as foreign coaches out of 37 applied for the job," chairma
Published 30 Sep, 2011 12:00am
Misbah eyes top four Test spot for Pakistan

Misbah eyes top four Test spot for Pakistan

Pakistan skipper Misbah-ul Haq on Thursday said he has targeted a top four Test spot for his side with an eye on qualification for the inaugural World Test Championship in 2013. The four top teams in the ICC (International Cricket Council) standings in mi
Published 30 Sep, 2011 12:00am
Sunderland suspend Bramble

Sunderland suspend Bramble

Sunderland on Thursday suspended defender Titus Bramble 24 hours after his arrest on suspicion of sexual assault and possession of hard drugs. Bramble, 30, was given bail after police questiobing and a club statement said: "Sunderland AFC has confirmed th
Published 30 Sep, 2011 12:00am
Eonia rates under upward pressure at quarter-end

Eonia rates under upward pressure at quarter-end

Money market investors have backed off from pricing in a cut in European Central Bank borrowing costs in October, raising forward interest rates and bringing their bets more into line with the bulk of economists. A deterioration in sentiment last week and
Published 30 Sep, 2011 12:00am
Indian rupee posts biggest quarterly fall in three years

Indian rupee posts biggest quarterly fall in three years

The Indian rupee weakened on Thursday and posted its biggest quarterly decline in three years, pummelled by European debt crisis-triggered risk aversion, but further fall may be limited on signs the region's policymakers are on course to resolve eurozone'
Published 30 Sep, 2011 12:00am
Ringgit, baht fall

Ringgit, baht fall

Offshore funds reduced exposure to emerging Asian currencies on Thursday ahead of a key German vote on a eurozone rescue scheme, with importers' demand for dollars at the end of the quarter adding to the downward pressure. Regional currencies found some r
Published 30 Sep, 2011 12:00am
Yuan ends limit-down

Yuan ends limit-down

China's yuan closed at its lowest daily trading limit against the dollar from the Chinese central bank's mid-point on Thursday, as traders reported unilateral demand for dollars. Spot yuan closed at 6.3983 against the dollar, weaker than 6.3938 at Wednesd
Published 30 Sep, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 75.28-75.30 (previous 75.22-75.24). Call Money Rates: 6.00-8.00 percent (previous 6.50-8.50 percent).
Published 30 Sep, 2011 12:00am
Euro falls in New York

Euro falls in New York

The euro fell on Wednesday as investors pared long positions after a three-day advance against the dollar sparked by optimism Greece's lenders will allocate the funds to avoid default on its debt. Earlier, the euro strengthened for the fourth straight ses
Published 30 Sep, 2011 12:00am
Early trade in New York: euro rises versus dollar

Early trade in New York: euro rises versus dollar

The euro rose against the dollar on Thursday as Germany approved an expansion of the eurozone rescue fund, but the single currency could be vulnerable to selling as investors book profits before month-end. The euro last rose 0.7 percent to $1.36441, havin
Published 30 Sep, 2011 12:00am
Euro retreats in London

Euro retreats in London

The euro retreated from highs against the dollar on Thursday after support from German approval for boosting the eurozone rescue fund gave way to selling given that policymakers still lack a cohesive plan to solve the region's debt crisis. German Chancell
Published 30 Sep, 2011 12:00am
Euro gains in Asia

Euro gains in Asia

The euro gained on short-covering in volatile, commodity-driven trade after riskier assets bounced off intraday lows on Thursday, but was still on track to mark its worst quarter since early 2010, with traders preparing for further falls. On the day, the
Published 30 Sep, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling struck a one-week high against the dollar on Thursday, and pared losses against the euro, after a Swiss National Bank official said the central bank would look to increase its weighting of sterling assets in a year's time. Asked at a conference w
Published 30 Sep, 2011 12:00am
Aussie and New Zealand dollars higher

Aussie and New Zealand dollars higher

The Australian and New Zealand dollars consolidated against the greenback on Thursday, lifted by short covering, stronger stocks and euro, though the mood remains fragile ahead of a crucial vote in Germany. The Aussie nudged up to $0.9801, from $0.9782 in
Published 30 Sep, 2011 12:00am
FTSE slips by weak miners, banks resilient

FTSE slips by weak miners, banks resilient

Britain's leading share index fell back on Thursday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some a
Published 30 Sep, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares pared early losses to end up 1.5 percent as investors covered short positions and on optimism ahead of a crucial vote in the German parliament that approved new powers for the eurozone's rescue fund. Autos and banking sector stocks led the r
Published 30 Sep, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose for a third session on Thursday, led by consumption plays on hopes of growing demand during China's long holiday next week. Market sentiment improved after recent global sell-offs, with investors shifting their focus to department store
Published 30 Sep, 2011 12:00am
European shares higher

European shares higher

European shares rose on Thursday after better-than-expected US economic data eased some market worries about slowing growth, prompting a reverse of early falls for a number of cyclical sectors and helping the index pare heavy third-quarter losses. That we
Published 30 Sep, 2011 12:00am
Nikkei reverses losses

Nikkei reverses losses

The Nikkei average reversed losses to retake the 8,700 level for the first time in over a week, on a rush of buying in the final half-hour of trade as some commodities and US stock futures recovered on hopes of progress on Europe's debt debacle. Banks wer
Published 30 Sep, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasury debt prices fell on Wednesday as less gloomy US data and hopes for bold steps to combat Europe's debt crisis kept a lid on demand, though an afternoon stocks slide tempered losses. Bonds also got a bid after the Treasury saw good demand for it
Published 30 Sep, 2011 12:00am
Treasuries fall

Treasuries fall

US Treasury debt prices fell on Wednesday as less gloomy US data and hopes for bold steps to combat Europe's debt crisis kept a lid on demand, though an afternoon stocks slide tempered losses. Bonds also got a bid after the Treasury saw good demand for it
Published 30 Sep, 2011 12:00am
Australian shares fall

Australian shares fall

Australian stocks fell 0.8 percent on Thursday, ending off the day's lows as investors played it safe with just hours to go before the result of a German vote on beefing up the eurozone's rescue fund. Traders said some mining positions were being scaled b
Published 30 Sep, 2011 12:00am
Wall Street dips

Wall Street dips

Commodity-related stocks drove Wall Street lower on Wednesday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe's raging debt crisis. A sharp 7 percent dive in the price of copper, seen a
Published 30 Sep, 2011 12:00am
Thursday's afternoon trade: Dow, S&P 500 surge

Thursday's afternoon trade: Dow, S&P 500 surge

The Dow and S&P 500 rose on Thursday on stronger-than-expected economic data and German lawmakers' approval to strengthen the eurozone's crisis fund, while big-cap Internet shares dragged on the Nasdaq. Europe again averted disaster in its debt crisis whe
Published 30 Sep, 2011 12:00am
China stocks at 15-month low

China stocks at 15-month low

China's benchmark index ended at a 15-month low on Thursday, with material stocks leading losses on lower industrial commodities while investors trimmed risky positions ahead of a week-long National Day holiday next week. The Shanghai Composite Index clos
Published 30 Sep, 2011 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares rose 2.7 percent on Thursday on the back of steady buying by public pension funds, with technology and brokerage issues leading gains. South Korean public pension funds including the world's No 4, the National Pension Service, recorded a 17th
Published 30 Sep, 2011 12:00am
Most Southeast Asian stocks claw higher

Most Southeast Asian stocks claw higher

Most Southeast Asian stock markets clawed higher in light volume on Thursday as local buyers nibbled at beaten-down heavyweights, although uncertainty remained over the eurozone's debt problems. Turnover was some way below the monthly average and foreigne
Published 30 Sep, 2011 12:00am
Japan vows action on postal share sale for reconstruction

Japan vows action on postal share sale for reconstruction

Japanese Prime Minister Yoshihiko Noda vowed to move quickly on a bill to let the government sell shares in the massive postal savings system, aiming to raise up to $78 billion for post-disaster reconstruction, but fierce political opposition is expected
Published 30 Sep, 2011 12:00am
WHAT IS CONSUMER PRICE INDEX (CPI)?

WHAT IS CONSUMER PRICE INDEX (CPI)?

Changes in the prices of essential food items and other goods and services that are used commonly in households seldom go unnoticed. A quick trip to the market place or a brief conversation with a home maker will provide clues about the general trend of p
Published 30 Sep, 2011 12:00am
WHAT IS CONSUMER PRICE INDEX (CPI)?

WHAT IS CONSUMER PRICE INDEX (CPI)?

Changes in the prices of essential food items and other goods and services that are used commonly in households seldom go unnoticed. A quick trip to the market place or a brief conversation with a home maker will provide clues about the general trend of p
Published 30 Sep, 2011 12:00am
Gold falls by Rs 1300 per tola

Gold falls by Rs 1300 per tola

The gold price on Thursday slumped by Rs 1300 per tola to Rs 55400 on the local market, traders said.The price of gold per 10-gram also dipped by Rs 1150 to Rs 47485 during a single day trading. On the global market, the precious metal price was cited $16
Published 30 Sep, 2011 12:00am
Teachers from Pakistan win at Education Forum in Jordan

Teachers from Pakistan win at Education Forum in Jordan

In a bid to promote modern teaching methods and innovative use of technology in education Microsoft celebrated the success of more than 200 educational professionals from over 25 regional countries. Microsoft Innovative education forum focuses on implemen
Published 30 Sep, 2011 12:00am
Saarc-CCI hails Indo-Pak ministerial talks

Saarc-CCI hails Indo-Pak ministerial talks

The Saarc Chamber of Commerce and Industry (Saarc CCI) has hailed the recent ministerial talks between India and Pakistan and has termed it as the commencement of a new era based on sincerity and mutual goodwill, which would mostly benefit the entire Sout
Published 30 Sep, 2011 12:00am
Aptma dispatches relief goods for flood victims

Aptma dispatches relief goods for flood victims

All Pakistan Textile Mills Association (Aptma) has dispatched its first consignment of relief goods for the flood affectees. Addressing a press conference here on Thursday, Tariq Saud, Chairman Aptma Sindh Balochistan Region and head of the association's
Published 30 Sep, 2011 12:00am
KESC CEO, two others booked under attempt to murder charges

KESC CEO, two others booked under attempt to murder charges

Chief Executive Officer of Karachi Electric Supply Company (KESC) Tabish Gohar, security officer Colonel Wahid (Retd) and Colonel Asif Saeed (Retd) were booked on Thursday on charges of attempt to murder on the directives of a sessions court.
Published 30 Sep, 2011 12:00am
'Plasti & Pack' exhibition in Lahore inaugurated

'Plasti & Pack' exhibition in Lahore inaugurated

President Lahore Chamber of Commerce and Industry, Shahzad Ali Malik, inaugurated the ninth edition of international plastic and packaging industry exhibition incorporating food processing and chemicals - Plasti & Pack PAKISTAN 2011, at the Expo Centre, L
Published 30 Sep, 2011 12:00am
Europe again steps back from brink in debt crisis

Europe again steps back from brink in debt crisis

Following a now-familiar script, Europe again averted disaster in its debt crisis when German lawmakers rallied behind Chancellor Angela Merkel to approve a stronger eurozone bailout fund on Thursday. But bigger challenges loom for the eurozone now. Finan
Published 30 Sep, 2011 12:00am
Greece faces auditor verdict, fresh protests

Greece faces auditor verdict, fresh protests

Greek civil servants blocked the doors of government ministries on Thursday in protest against austerity measures, disrupting the start of talks with the EU and IMF on an aid tranche Athens needs to avoid bankruptcy. The Socialist government announced unp
Published 30 Sep, 2011 12:00am
EU, Turkey pile pressure on Gazprom

EU, Turkey pile pressure on Gazprom

Turkey joined a chorus of European companies demanding that Gazprom cut its natural gas prices, increasing pressure on the lucrative pricing model that underpins Russia's gas exports. Turkish Energy Minister Taner Yildiz said on Thursday the country might
Published 30 Sep, 2011 12:00am
Swiss parliament agrees tough capital rules for big banks

Swiss parliament agrees tough capital rules for big banks

The Swiss parliament has approved a plan to make the country's biggest banks UBS and Credit Suisse hold more capital than foreign rivals to help them cope with another financial crisis. On Thursday the lower house backed the government bill, which will fo
Published 30 Sep, 2011 12:00am
India's food, fuel inflation accelerate

India's food, fuel inflation accelerate

India's food and fuel inflation accelerated in mid September, indicating persistently high inflationary pressures in the economy which may prompt the central bank to continue to tighten rates. Food inflation accelerated on higher prices of pulses, eggs, m
Published 30 Sep, 2011 12:00am
US fines Japanese firm $200 million for price-fixing

US fines Japanese firm $200 million for price-fixing

Japanese auto parts firm Furukawa Electric was fined $200 million and three company executives sentenced to prison for price fixing and bid rigging, the Justice Department announced Thursday. Furukawa and the executives pleaded guilty to the felony charge
Published 30 Sep, 2011 12:00am
Japan's retail sales slide

Japan's retail sales slide

Japanese retail sales tumbled in August from a year earlier, posting their first annual decline in three months and adding to concerns that slowing demand at home and abroad may derail the economy's recovery from the March earthquake. Sluggish personal co
Published 30 Sep, 2011 12:00am
Fitch warns on French bank ratings

Fitch warns on French bank ratings

Ratings agency Fitch warned on Thursday that France's banks could see their credit worthiness downgraded because of fears over their exposure to eurozone members' risky sovereign debt. The entire eurozone is under pressure over the debt crisis in its weak
Published 30 Sep, 2011 12:00am
US jobless claims, GDP data ease economic fears

US jobless claims, GDP data ease economic fears

The chances of the US economy averting a new recession got a boost on Thursday with claims for jobless benefits falling to a five-month low last week and growth a touch stronger in the second quarter than previously estimated. Initial claims for state une
Published 30 Sep, 2011 12:00am
Nokia to cut 3,500 jobs, close Romania plant

Nokia to cut 3,500 jobs, close Romania plant

Nokia Oyj, the world's largest cellphone vendor by volume, is cutting 3,500 jobs in its second major restructuring in six months as it struggles with falling sales and profits. Chief Executive Stephen Elop, who took over at Nokia a year ago, unveiled the
Published 30 Sep, 2011 12:00am
Cuba eliminates sugar ministry

Cuba eliminates sugar ministry

Cuba has eliminated its Ministry of Sugar, the emblem of an era when sugar was king in the Caribbean's largest island, replacing it with a group of state enterprises charged with revitalising the depressed industry, the official press announced Thursday.
Published 30 Sep, 2011 12:00am
German unemployment falls to record low

German unemployment falls to record low

Unemployment in Germany fell to its lowest level in more than 20 years in September as the labour market shrugged off fears of a pending economic slowdown, official data showed Thursday. The German jobless rate, which measures the proportion of people reg
Published 30 Sep, 2011 12:00am
Russia's Rusal signs refinancing deal

Russia's Rusal signs refinancing deal

Russia's Rusal aluminium giant said Thursday it had refinanced another $4.75 billion (3.5 billion euros) in debt that will open the way for shareholder dividend payments. The world's largest aluminium firm said a loan facility was agreed with 13 internati
Published 30 Sep, 2011 12:00am
Cotton prices become duller

Cotton prices become duller

While steadier situation appeared to have manifested itself in the morning, but by the evening on Thursday cotton prices appeared to lose between Rs 100 to Rs 200 per maund (37.32 kgs) since yesterday. Better and drier weather is replacing itself compared
Published 30 Sep, 2011 12:00am
Cotton prices become duller

Cotton prices become duller

While steadier situation appeared to have manifested itself in the morning, but by the evening on Thursday cotton prices appeared to lose between Rs 100 to Rs 200 per maund (37.32 kgs) since yesterday. Better and drier weather is replacing itself compared
Published 30 Sep, 2011 12:00am
Steady trend seen amid active mills' buying on cotton market

Steady trend seen amid active mills' buying on cotton market

Prices were firm following the active mills' purchasing but it looks that present trend may not continue in the near future due to falling demand by buyers, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) official spot
Published 30 Sep, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December and January contracts did not show any change on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that hd ended at Rs 1313.20 commenced with no change in the early session. The Janua
Published 30 Sep, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell more than 1 percent on Wednesday in a broad commodities sell-off triggered by concerns over the global economy as debt-ridden Greece awaited fresh bailout money to avoid bankruptcy. Traders said the market was also pressur
Published 30 Sep, 2011 12:00am
Vietnam's rice export prices nearly three-year high

Vietnam's rice export prices nearly three-year high

Vietnam's rice export prices rose nearly 1 percent on Thursday, with the 5 percent broken grade hitting $575 a tonne and is heading towards the highest level in over three years, on demand from Indonesia and Mekong Delta flooding impact, traders said. Ris
Published 30 Sep, 2011 12:00am
Soya export premiums jump at US Gulf Coast

Soya export premiums jump at US Gulf Coast

Soyabean export premiums at the US Gulf Coast climbed on Wednesday as renewed demand from China buoyed basis values and as futures fell sharply, traders said. China bought at least four cargoes of soyabeans on Wednesday to be shipped from the US Gulf in D
Published 30 Sep, 2011 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 109,247 tonnes of cargo comprising 91,965 tonnes of import cargo and 17,282 tonnes of export cargo including 3,035 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 91,965 to
Published 30 Sep, 2011 12:00am
HRW wheat bids mostly steady

HRW wheat bids mostly steady

Hard red winter wheat basis bids were mostly steady on Thursday as slow grain movement persisted and dry weather in the Plains made for poor planting prospects. The basis was 5 cents weaker in Catoosa, Oklahoma, but other locations were steady as demand r
Published 30 Sep, 2011 12:00am
Rice prices up amid thin trade on grain market

Rice prices up amid thin trade on grain market

Rice prices were higher on the wholesale grain market on Thursday in process of low business, market sources said. On the rice sector Irri-6 Sindh was up by Rs 50 to Rs 3650 and Irri-6 Sindh new quoted higher at Rs 3550-3600, other items did not show any
Published 30 Sep, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 30 Sep, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 30 Sep, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Sep, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 30 Sep, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 29, 2011).
Published 30 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Pakistan cannot be pressurised to 'do more': Prime Minister

Pakistan cannot be pressurised to 'do more': Prime Minister

Prime Minister Syed Yousuf Raza Gilani said that Pakistan cannot be pressurised to "do more" and called to end the blame-game and respect sensitive national interest of Pakistan. In his opening remarks, Prime Minister Gilani said the recent statements by
Published 30 Sep, 2011 12:00am
Pakistan cannot be pressurised to 'do more': Prime Minister

Pakistan cannot be pressurised to 'do more': Prime Minister

Prime Minister Syed Yousuf Raza Gilani said that Pakistan cannot be pressurised to "do more" and called to end the blame-game and respect sensitive national interest of Pakistan. In his opening remarks, Prime Minister Gilani said the recent statements by
Published 30 Sep, 2011 12:00am
Baloch nationalist leaders stay away

Baloch nationalist leaders stay away

Pir Pagaro and Baloch nationalist leaders did not participate in the All Parties Conference convened by Prime Minister Yousuf Raza Gilani, Aaj News reported. According to the channel, leader of Muslim League (Functional), Pir Pagaro and Baloch nati
Published 30 Sep, 2011 12:00am
Baloch nationalist leaders stay away

Baloch nationalist leaders stay away

Pir Pagaro and Baloch nationalist leaders did not participate in the All Parties Conference convened by Prime Minister Yousuf Raza Gilani, Aaj News reported. According to the channel, leader of Muslim League (Functional), Pir Pagaro and Baloch nati
Published 30 Sep, 2011 12:00am
Pakistan's cooperation essential: White House

Pakistan's cooperation essential: White House

The White House on Thursday described Pakistan's co-operation for counterterrorism success in the region as "essential" and expected "continued" co-operation from the key South Asian country. President Obama's spokes-man Jay Carney said the US relationshi
Published 30 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Pakistan's cooperation essential: White House

Pakistan's cooperation essential: White House

The White House on Thursday described Pakistan's co-operation for counterterrorism success in the region as "essential" and expected "continued" co-operation from the key South Asian country. President Obama's spokes-man Jay Carney said the US relationshi
Published 30 Sep, 2011 12:00am
Fewer trainers seen among US military

Fewer trainers seen among US military

US and Pakistani officials are continuing talks on the future US military mission in Pakistan but Washington likely will see its influence on Pakistani special forces curtailed as tensions rage between the two nations. A US official said both countries ha
Published 30 Sep, 2011 12:00am
US levies sanctions on Haqqani commander, others

US levies sanctions on Haqqani commander, others

The US Treasury Department on Thursday announced new sanctions on five individuals it said are linked to "the most dangerous terrorist organisations operating in Afghanistan and Pakistan. "These financiers and facilitators provide the fuel for the Taliban
Published 30 Sep, 2011 12:00am
US levies sanctions on Haqqani commander, others

US levies sanctions on Haqqani commander, others

The US Treasury Department on Thursday announced new sanctions on five individuals it said are linked to "the most dangerous terrorist organisations operating in Afghanistan and Pakistan. "These financiers and facilitators provide the fuel for the Taliban
Published 30 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Eight Nato troops, three Afghans killed

Eight Nato troops, three Afghans killed

Two Afghan policewomen and a civilian were killed by a mine on their way to work Thursday, a day after another eight Nato soldiers died in the 10-year war against the Taliban. The policewomen and civilian died when their vehicle was blown up by a remote-c
Published 30 Sep, 2011 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 29, 2011).

Published 30 Sep, 2011 12:00am
Eight Nato troops, three Afghans killed

Eight Nato troops, three Afghans killed

Two Afghan policewomen and a civilian were killed by a mine on their way to work Thursday, a day after another eight Nato soldiers died in the 10-year war against the Taliban. The policewomen and civilian died when their vehicle was blown up by a remote-c
Published 30 Sep, 2011 12:00am
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